Stock Take

CRH’s New York move could prove prescient and profitable

This year looks like being another solid one for the construction materials company, but its long-term growth prospects are even better

Albert Manifold, chief executive, CRH. The departure of the company for a New York listing has triggered something of an existential crisis for the Irish stock exchange. Picture: Maura Hickey

Over the last number of months, almost all of the media focus (this column included) on CRH, the Dublin-headquartered building materials giant, has centred on the company’s plans to move its primary stock market listing to New York.

This is not surprising given that CRH is comfortably the largest company on the Irish stock market, ahead of Paddy Power owner Flutter Entertainment and Ryanair. The departure of the company for a New York listing has ...